Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

UnionPay International opens up 18 APIs to global developers

Cai Jianbo, chief executive officer, UPI

UnionPay International (UPI) has launched UPI Developer, an open platform that gives global developers access to 18 of its cross-border mobile internet payment products and services including QR code payment and Token.

Users can integrate UnionPay’s technical services into their products through the API enabling more payment options for cardholders.

“With the development of innovative payment technology and commercial applications, UPI is accelerating building up its innovative payment technology and service capacity, and promoting the digitalization of its card-based business, to support the development of mobile payments,” said Cai Jianbo, chief executive officer, UPI.

UnionPay’s mobile app and QR code payment are accepted in 43 countries and regions outside the Chinese Mainland. Its service platforms such as UnionPay International Mobile Payment Service (UMPS) and TSP provide the support to carry out mobile payment services.

Along with giving open access to 18 of its APIs to developers, UPI is also providing a combination of multiple APIs to provide partners with one-stop payment solutions, assisting them in both product developing and commercial application. Services like technical documentation, technical guidance and product testing and certification are included too.

With this launch, UPI aims to expand the scope of its technical service clients to benefit issuers, acquirers, merchants, software developers and mobile phone operators among other partners.

Going ahead, UPI plans to launch Technical Partner Program that will enable access to technical services by online registration and application. It will also help to promote the application to localized payment scenarios.

Related IBS Intelligence Research

Related Posts

Rapyd logo

Rapyd completes acquisition of Iceland’s Korta

UK-based Rapyd, has completed the acquisition of Korta, an Iceland-based payment card service provider. Rapyd helps merchants, gig-economy platforms, and technology providers create and launch applications without having to build payments infrastructure. Korta provides merchants with a range of in-store and digital payment acceptance solutions. The deal was originally announced in April 2020. Rapyd CEO […]

This post is only available to members.

Read More »
P20 logo

P20 analyses global Payee Verification approaches

P20 has published its interim report Payee Verification: Overview of Approaches used by Credit-Push Payment Systems. The report from P20’s Regulation Working Group which focuses on criminal transactions and fraud, examines the approaches being used to reduce authorised push payment (APP) fraud and compares the methods being used in the US, UK, and Australia. The […]

This post is only available to members.

Read More »

Signicat: 41% of Europeans shut off from financial services in lockdown

Digital identity specialist Signicat has found that 41 per cent of consumers across Europe have been unable to access new financial services as a result of lockdown restrictions and a lack of access to digital options. In a research report, the Norwegian identity provider found that while consumers have had to turn to online and […]

This post is only available to members.

Read More »

OpenPayd releases crypto banking and payments service

API-led Banking-as-a-Service provider, OpenPayd has released its banking and payments solution for digital currency businesses. The service is expected to provide cryptocurrency businesses with access to a range of banking and payment networks. According to OpenPayd, the platform will offer crypto businesses with access to crypto-friendly banking, simplified cryptocurrency purchase, fiat and digital currency exchange […]

This post is only available to members.

Read More »

Adyen expands acquiring capabilities to Malaysia

Adyen, an Amsterdam-based global payments platform, announced the expansion of its acquiring capabilities to include Malaysia. The company has launched its acquiring solution in Malaysia to help local businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments. “Rolling out our acquiring solution in Malaysia demonstrates […]

This post is only available to members.

Read More »